Chinese industrial profits for October contracted by 9.9% annualized, this marked the worst contraction on record. Chinese data is not the only one suggesting more trade-related issues. South Korean exports in the first twenty days in November slumped by 9.6%, this suggests that the holiday shopping season may come in below expectations. South Korea exports key high-technology items globally and is often viewed as a health barometer for the global economy. The Chinese economy is expected to cool further in 2020 as the Indian economy is...
Global markets continue to enjoy an overall boost in bullish sentiment as the final trading month of the year approaches. Trade negotiations between the US and China are in focus and the majority of market participants trade as markets as if the phase one trade deal is the solution to all global issues. This bullish confidence may be misplaced as other structural economic issues remain ignored. Where the consensus remains overly optimistic about 2020 and beyond, a repricing of major markets may be lurking in the background with smart money...
Investors and traders around the globe have feared a global recession and plenty of indicators suggest that we may be in the process of entering on. The manufacturing sector is already in a recession and while the services sector manages to expand, the growth rate is slowing down and some indicators are at lows last seen before the Great Recession following the financial crisis of 2008. The US-China trade war and a host of other global trade conflicts have sowed more uncertainty and economic reports suggest a weaker economy than most have...
US President Trump has made no secret that he is unhappy with his central bank and has repeated his call for negative interest rates in the US. Jerome Powell, the US Fed Chief appointed by Trump has cut interest rates over the past three consecutive FOMC meetings but cautioned that more cuts should not be viewed as a guarantee. According to a Fed statement, the FOMC “Will set monetary policy, as required by law, to support maximum employment and stable prices and will make those decisions based solely on careful, objective and non-...
Forex technical analysis is a very wide spread concept that includes various components: from several analytical approaches to take, to specific charts and tools to work with. Just like anything else about the currency trading market, the technical analysis can be mastered by virtually anyone. However, it is also fair to say that becoming a successful analyst will definitely require some time and energy. The best way to go about it is to break down all the information into segments and go through them one by one. This way you can ensure...
